Building Irelands Knowledge Economy

Contact person 
Terry O'Brien
Institution 
South-East Regional Authority (SERA)
E-mail 
terry.obrien@southtippcoco.ie
Country 
Ireland
Do you want to share an instrument/policy or a knowledge Transfer practice? 
Innovation instrument(policy)
What are the following keywords/priorities which better fit the instrument/policy?  
Policy measures concerning excellence, relevance and management of research in Universities
Indicate the country from which the instrument (or policy) is 
Ireland
What is the title/name of the instrument/policy? 
Building Irelands Knowledge Economy
Indicate the target group/beneficiaries of the instrument/policy 
All companies
Other
What is the aim/objective? 
The national action plan for the promotion of R&D investment until 2010, "Building Ireland's Knowledge Economy," was published in July 2004. Prepared by a High Level Steering Group established by the Tanaiste (Deputy Prime Minister) and the then Minister for Enterprise, Trade and Employment in 2003 under the auspices of the Inter Departmental Committee on Science, Technology and Innovation as a response to the targets agreed by Heads of State at Barcelona in 2002, it aims at promoting sustained investment in R&D to develop a basis for creating knowledge driven competitive advantage across all sectors of the economy. The Action Plan highlights that despite significant strides in increasing public investment in research and development over the last five years, the performance of R&D in key sectors of the Irish economy is low compared with leading knowledge based economies. The Plan calls for a step change in the R&D performance, particularly in the enterprise sector, in order to sustain employment and competitiveness in an increasingly global knowledge-based economy. The report reviews Ireland's current R&D performance and sets out the following vision for the future: "Ireland by 2010 will be internationally renowned for the excellence of its research and be at the forefront in generating and using new knowledge for economic and social progress, within an innovation driven culture." The report then proposes measures necessary to achieve this vision, and identifies targets for increases in the level and types of research activities being conducted in both the public and private sectors.
Give an overview of the instrument 
The "Building Ireland's Knowledge Economy" document sets out Ireland's Action Plan for the promotion of R&D investment from 2004 to 2010. It is the Irish response to the Communication of the European Communities on actions required in Europe to achieve the 3% target by 2010, "Investing in Research: An Action Plan for Europe." This European Action Plan sets out initiatives to give Europe a stronger research base and to make it more attractive to private investment in research. This Communication also provides a basis for the development of national action plans by the Member States and hence the publication of "Building Ireland's Knowledge Economy." The Action Plan highlights that despite significant strides in increasing public investment in research and development over the last five years, the performance of R&D in key sectors of the Irish economy is low compared with leading knowledge-based economies. The Plan calls for a step change in the R&D performance, particularly in the enterprise sector, in order to sustain employment and competitiveness in an increasingly global knowledge-based economy.
What is the date of creation of this instrument? 
Thursday, January 1, 2004
Is the instrument/policy still active? 
Not Active
Identify the main outputs/results (quantitative and qualitative) of the implementation of this instrument 
The National 3% Action Plan, "Building Ireland's Knowledge Economy," contains statistics on the following issues: ■Gross expenditure on R&D as a % of GDP/GNP; ■Business expenditure (foreign and indigenous) on R&D in Ireland; ■Distribution of indigenous enterprises by sector; ■Business expenditure on R&D as a % of gross output by key sectors; ■Funding sources for R&D in business, third level education and government sectors; ■Public R&D expenditure by government departments; ■Enterprise-Higher education R&D collaboration; ■Researchers per 1,000 total employed. The document also includes projections on the number of researchers needed to achieve 2.5% target, 2003-2010.
What is the co-financing/maximum rate allowed by the instrument/policy (if appl.)? 
0.00
Is this instrument/policy linked to a KT practice? 
No